Avoiding a Foreclosure

loan modification

Your Guide to How to Avoid Foreclosure by Loan Modification

Foreclosures are a problem that can affect anyone. If you’re trying to avoid foreclosure, you’re not alone. One out of 200 homes gets foreclosed on, according to the FDIC. Luckily, there are a few ways you can avoid foreclosure. Wondering if you can avoid foreclosure by loan modification? Then this guide is for you. We’re here to …

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Bankruptcy Chapter 13

Your Guide to Stopping Foreclosure with Chapter 13

1 out of every 200 homeowners finds themselves facing foreclosure. Every 3 months, 250,000 families begin the process of foreclosure due to financial hardship or the inability to pay their mortgage. But, did you know that there is a way to stop foreclosure? Chapter 13 bankruptcy is one way to stop your home from going into foreclosure. To …

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forbearance agreement

What is a Mortgage Forbearance Agreement?

Forbearance is an olive branch offered by a lender to delay collecting a debt. Often, it’s a short period of time and comes with an increased cost for the borrower. A mortgage forbearance agreement offers this brief respite for homeowners who meet financial hardship. These agreements are a grace period to help you get your …

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defer mortgage payments

A Homeowner’s Guide to Deferring Your Mortgage Payments

You’ve run into some serious financial trouble lately, but you don’t want to have to sell your house as a result. Still, you know that no matter how hard you try, you just won’t be able to make your mortgage payment this month. So, can you defer a mortgage payment? While the short answer is “yes,” you’ll need to …

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hamp program

11 Facts You Need to Know About the HAMP Program

Are you struggling to make ends meet? Around 40 million Americans live in housing they can’t afford, and many are unable to make their mortgage repayments. If you are one of them, the Home Affordable Modification Program may be able to help you. This government initiative reduces your payments and extends the term of your mortgage, bringing …

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financial hardship letter

10 Steps to Writing a Financial Hardship Letter to Your Mortgage Lender

Are you currently struggling to make monthly mortgage payments on your home? If so, you’re certainly not alone. In fact, nearly 15% Americans than in the past say that they can’t currently afford to make payments on the homes they’re living in. Whether you’re looking to make a short sell on your home, refinance your loan, or …

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how to avoid foreclosure

Help, I Need to Know How to Avoid Foreclosure! What Can I Do?

By mid-2018, there were 362,275 U.S. foreclosure filings in the United States. While this was down 15% from the same time in 2017, that’s still a discouraging number of Americans losing their homes. Millions of Americans will lose their homes within the next few years. If you are having difficulty with your mortgage payments, take some time …

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short sale home

10 Things You Need to Know About Buying a Short Sale Home

It’s a seller’s market right now. Demand is high and inventory is low, and as a result, housing prices jumped 7.1{f5b803b3ff349ad072c7061546ce6e083822d9eb1c075da9c628d64f032e5ca9} in the last year. But what does that mean if you’re looking to buy? Short sales may be an option for you. We’ll explain everything you need to know about short sales and give you 10 …

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